NOTE RECEIVABLE
(noun)Definitions
There is 1 meaning of the phrase
Note Receivable.
Note Receivable - as a noun
Your right in a promissory note in which the maker promises to pay a certain amount of money at a certain time
Example Sentences
"The company recorded a note receivable from its customer for the outstanding balance."
"The note receivable will be due in six months with a fixed interest rate of 8%."
"The bank issued a note receivable to the borrower with specific repayment terms."
"The company decided to discount the note receivable to receive immediate cash."
"The note receivable was included in the company's assets on the balance sheet."
Word Variations & Relations
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Phrases
benefactive role
